It seems like we have many options but I've never used this avenue for my STR & MTR. 

I am offering 1.5m (as it needs about $200k in updates for our tastes).

A self-directed 401(k) plan offers the small business owner one of the last significant tax benefits.

Generally most places offer 100% of one month rent.

Or are there other options involving financing that will help me get my foot in the door sooner?

I have been offered 32 unit Mini Storage. 

For instance, the Poconos have remained a popular option because of its year-round tourism draw, with skiing and lodging in the winter, hiking in the fall, and camping around lakes in the summer.As others have said, going into markets with one draw is risky.

They are currently offering 14% up to 20% on a particular project they are working on. 

Possible best course is to 1031 exchange into better areas in milwauke or somewhere else.the other option is to hold on to it, wait for leases to be up.

STR looks like an attractive option but I am a novice in this area so looking for input on realistic income and cost estimates of a STR managed by a 3rd party property management company.